Illinois American Water buys water and wastewater systems of Villa Grove

TAGS

American Water’s subsidiary Illinois has acquired the water and wastewater systems of the City of Villa Grove for $11 million.

The acquisition adds around 1,489 water and 1,069 wastewater customers to the eastern Illinois service area of .

– Illinois American Water president said: “Our team is excited to serve our new customers in Villa Grove and expand our footprint in Douglas County. Since 2020 we have had the privilege of partnering with over 11 communities across Illinois through acquisitions, sharing our expertise and making critical investments in aging systems.”

See also  Immune-Onc Therapeutics gets FDA orphan drug status for IO-202 in CMML

Illinois American Water is intending to invest around $21 million in the initial seven years of ownership to enhance the acquired water and wastewater systems of the City of Villa Grove. Work comprises the replacement of water meters, water mains, wastewater main, and fire hydrants.

Upgrading lift stations, including replacing pumps, will boost system reliability, said   Illinois American Water Safety, while also disclosing plans to improve security and safety systems.

See also  Utmost to acquire investment platform provider Quilter International for £483m

Illinois American Water also aims to design and build a new wastewater treatment plant to underpin system reliability and community growth.

– Illinois American Water Eastern Division senior manager of operations said: “We are happy to expand our services and knowledge to Villa Grove. We are looking forward to supporting the community and partnering with the City of Villa Grove. We appreciate the City’s trust and confidence in our team.”


Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.

CATEGORIES
TAGS
Share This